Thank you for your question. Please permit me to assist you with your concerns.My apologies but I do not see how to do something like you describe without 'any' liability. If you are going to provide a car lift, should that lift fail, you are responsible (even if you yourself had no idea that the lift had defects). Similarly, if someone trips on your property and it may be due to a property defect or issue, you become liable. The fact you are providing tools for rent and the space, you become liable for both the space and the tools if they end up not being properly maintained. That would not make a difference as to whether or not you would rent or lease the space, the liability to you would remain the same.I am sorry.
Ok, I will accept the liability... What are the minimum requirements to make such idea happen and cost of that ?
A,That is tough to answer without knowing more. The bare minimum would be potentially filing for an incorporation or an entity so as to create limited liability for yourself, obtain premises at a location that is zoned for commercial work and potentially obtain a business license in your jurisdicion The latter is very dependent on where you wish to create this business--some municipalities do not require a business license. I would also suggest business liability insurance to insure against concerns you brought up. I honestly cannot tell you how much that insurance would cost as it is based on the policy and the coverage that you are seeking. Good luck.
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